The report stated that the country stands at an inflection point where India's office markets are expected to move ahead given the tailwinds in the global and domestic economy conditions and India's standing as the "office to the world".
As of Q1 2024, the average time to liquidate inventory stands at just 22 months, down from 32 months at the end of 2019, primarily driven by a surge in housing demand.
Overall real estate leasing activities last month stood at 3.2 million square feet in India, a 56 per cent decline on a monthly basis largely due to the lull period post the 2022 year-end momentum, said real estate advisory firm JLL.
Delhi NCR [India], July 29 (ANI/NewsVoir): The return of normalcy has brought buyer confidence back in the realty market, besides creating a demand for bigger homes. Having gone through a great upheaval during the peak pandemic months, the real estate industry is witnessing a surge in demand